Posts tagged All News
Dhoni to head Indian team for T20 & ODIs against South Africa (20-09-2015)
Outlook: Markets may stay choppy in holiday-shortened week ahead (20-09-2015)
![market outlook](http://images.financialexpress.com/2015/08/Sensex-PTI.jpg)
The BSE Sensex gained 608.7 points to 26,218.91 over the past week. (Photo: PTI)
Stock markets may see volatile trading sessions in a holiday-shortened week ahead amid derivative contracts expiry and would take cues from foreign investors’ investment trend and movement of the rupee, say experts.
Markets would remain closed on Friday for Bakri Id.
“Though there’s no major data lined up this week, market may remain volatile as traders will roll over and unwind their positions in futures & options (F&O) segment because of scheduled derivative expiry of September contracts on Thursday,” said Jayant Manglik, President, Retail Distribution, Religare Securities.
Further update on monsoon and currency move would also influence domestic bourses to some extent. “So, traders should keep an eye on them for further cues,” he added.
“Movement of the index in the near term will depend on crude oil prices, movement of the rupee against the dollar and global market sentiment. Market may remain volatile ahead of expiry of derivative contracts. RBI’s monetary policy review is scheduled for September 29, which will pave the way for market movement in the near term,” said Vivek Gupta, CMT Director Research, CapitalVia Global Research.
The BSE Sensex gained 608.7 points to 26,218.91 over the past week.
Since the beginning of the year, foreign portfolio investors (FPIs) have made a net investment of Rs 23,961 crore in equities and Rs 37,654 crore in debt markets.
“Going forward, with the US Fed event out of the way for now, investors’ focus will shift back to global economic growth challenges in general. In the case of Indian equities specifically, all eyes will now be on the next RBI monetary policy scheduled for September 29.
“However, in the immediate short term, market is expected to be volatile in the wake of the September 2015 series F&O expiry,” said Hitesh Agrawal – Head Research, Reliance Securities.
GRUH Finance – mini HDFC (20-09-2015)
The revolutionary effects of payment banks and small banks have been talked up by market commentators and tech barons.
Small banks have a tech based low cost set up plus a mandate to lend 75%of its loans to the privileged sector - below Rs 25 lakhs. As this article points out small banks will affect existing institutions which lend at a higher to this category.
This will affect Gruh, Repco HFCs and shorten their runway significantly.
Does gruh and repco have a economic moat in its experience with credit appraisals of unsalaried / privileged segment? Credit appraisal skills which will take time to develop for the new small banks?
Pls share your views.
Rahul Gandhi targets PM, vows to take land ordinance fight to every state (20-09-2015)
Varun 2020 portfolio – 2 strategies (20-09-2015)
Raj - Partly agree with your view. Care earnings should rebound in second half of calendar yr and its in such a niche business with so huge an opportunity size that one cannot ignore the likes of these business. You can either get good news or good prices and we are buying it for long term and looking at what is going to happen in FY16.
Varun 2020 portfolio – 2 strategies (20-09-2015)
DBcorp and care look very interesting wrt price now, but they have poor earnings visibility till atleast fy16 end ( May be even fy17 if Capex recovery and consumer sentiment did not pick up quickly)
So even though prices are fine now to enter, yet to decide..